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DSP bets big with new MSCI India ETF launch
MUMBAI: DSP Mutual Fund is taking a passive stance, actively. The fund house has unveiled the DSP MSCI India ETF, an open-ended exchange-traded fund that mirrors the performance of the globally tracked MSCI India Index, giving investors a simple and efficient route into India’s large and mid-cap universe.
The MSCI India Index, part of MSCI’s Global Investable Market Indexes, captures the shifting gears of India’s economy, from the factory floors of the 1990s to today’s tech-fuelled and service-driven growth. Spanning multiple sectors, it reflects the depth and resilience of Indian markets and has delivered around 14 per cent CAGR over 27 years.
The new fund offer (NFO) opens from November 10 to 17, 2025, and provides investors, including NRIs and offshore participants, a tax-efficient way to ride India’s long-term growth story through a locally domiciled structure.
“The MSCI India Index has long been a favourite benchmark for global investors. With this ETF, we aim to make that opportunity easily accessible to both Indian and international investors,” said DSP Mutual Fund head – passive investments & products Anil Ghelani.
DSP Mutual Fund business head – passive Investments Gurjeet Kalra added, “The Index balances India’s financials, tech, energy, and consumer sectors, delivering consistent performance with stable drawdowns. This ETF lets investors capture that potential with local tax advantages.”
With foreign institutional flows showing signs of recovery and global sentiment turning upbeat on India, DSP’s latest offering arrives at a moment when diversification and discipline might just be the smartest plays in the market.
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UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
